Starting Dynare (version 6.3).
Calling Dynare with arguments: noclearall
Starting preprocessing of the model file ...
WARNING: A parameter was used with a lead or a lag in the model block
Substitution of exo leads: added 2 auxiliary variables and equations.
Found 33 equation(s).
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Normalization failed with cutoff, trying symbolic normalization...
Finding the optimal block decomposition of the static model...
8 block(s) found:
  7 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 25 equation(s)
                                 and 25 feedback variable(s).
Computing dynamic model derivatives (order 1).
Normalizing the dynamic model...
Normalization failed with cutoff, trying symbolic normalization...
Finding the optimal block decomposition of the dynamic model...
8 block(s) found:
  7 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 25 equation(s)
                                 and 20 feedback variable(s).
Preprocessing completed.
Preprocessing time: 0h00m00s.
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('steady', '/Applications/Dynare/6.3-x86_64/matlab/steady.m', 112)" style="font-weight:bold">steady</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/steady.m',112,0)">line 112</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1032)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1032,0)">line 1032</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 

STEADY-STATE RESULTS:

x1              		 1.39108
w1              		 0.921177
riskfree1       		 0.0953102
T11             		 1.43937
Lp11            		 -0.0863281
Lr11            		 -2.49245
M11             		 2.51225
rr11            		 -2.49245
pi111           		 0.668324
pi121           		 0.331676
x2              		 1.44263
w2              		 1.12349
riskfree2       		 0.0953102
mu2             		 0.0189346
P2              		 0.267312
T21             		 1.33401
Lp21            		 -0.0863281
Lr21            		 -2.49245
M21             		 3.41731
rr21            		 -2.49245
gammar21        		 0
taux21          		 0.729938
taf21           		 0
gammaT21        		 0.0210384
pi211           		 0.31501
dGT2111         		 -0.00183487
pi221           		 0.68499
dGT2121         		 -0.0439406
wedge1          		 0
uc              		 0.0308785
bterm           		 0
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
[Warning: The value of local variables may have been changed to match the globals.  Future
versions of MATLAB will require that you declare a variable to be global before you use that
variable.] 
[> In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect_steadystate', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m', 17)" style="font-weight:bold">markov2_perfect_steadystate</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/markov2_perfect_steadystate.m',17,0)">line 17</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state_file', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m', 47)" style="font-weight:bold">evaluate_steady_state_file</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state_file.m',47,0)">line 47</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('evaluate_steady_state', '/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m', 275)" style="font-weight:bold">evaluate_steady_state</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/evaluate_steady_state.m',275,0)">line 275</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>create_scenario', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 498)" style="font-weight:bold">perfect_foresight_solver>create_scenario</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',498,0)">line 498</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver>homotopy_loop', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 338)" style="font-weight:bold">perfect_foresight_solver>homotopy_loop</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',338,0)">line 338</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('perfect_foresight_solver', '/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m', 153)" style="font-weight:bold">perfect_foresight_solver</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/perfect-foresight-models/perfect_foresight_solver.m',153,0)">line 153</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('markov2_perfect.driver', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m', 1036)" style="font-weight:bold">markov2_perfect.driver</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/+markov2_perfect/driver.m',1036,0)">line 1036</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('dynare', '/Applications/Dynare/6.3-x86_64/matlab/dynare.m', 308)" style="font-weight:bold">dynare</a> (<a href="matlab: opentoline('/Applications/Dynare/6.3-x86_64/matlab/dynare.m',308,0)">line 308</a>)
In <a href="matlab:matlab.internal.language.introspective.errorDocCallback('main', '/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m', 349)" style="font-weight:bold">main</a> (<a href="matlab: opentoline('/Users/yanbai/Dropbox/1Research/Trade_Innovation_Policy/Final_submission/ReplicationPackage/Codes/main.m',349,0)">line 349</a>)] 
--------------------------------------------------------
MODEL SIMULATION :
Iter: 1,	 err. = 1.4157, 	 time = 0.34046
Iter: 2,	 err. = 0.36422, 	 time = 0.20898
Iter: 3,	 err. = 0.10662, 	 time = 0.20651
Iter: 4,	 err. = 0.0073753, 	 time = 0.1857
Iter: 5,	 err. = 2.9292e-05, 	 time = 0.18083
Iter: 6,	 err. = 4.3454e-10, 	 time = 0.16488

Total time of simulation: 1.308
--------------------------------------------------------


Perfect foresight solution found.

Total computing time : 0h00m02s
Note: 1 warning(s) encountered in the preprocessor
Note: warning(s) encountered in MATLAB/Octave code
